Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Electromed
Electromed 401(k)
- ELMD NYSE
- Manufacturing
- New Prague, MN
- EIN 41-1732920
- 1 plan with Schedule H financials
- Plan year 2024
- Electromed, Inc.
Total assets, end of year · Electromed Inc. 401(k) Profit Sharing Plan and Trust · plan year 2024
$11,469,417
228 participants with a balance. This filing reports no recordkeeping fee and no administrative expenses excluding investment management, so there is no headline cost figure.
Source
Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001132219NAL0013283137001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001132219NAL0013283137001, received 2025-10-01
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-01.
Cost and contributions
Administrative expenses excluding investment management, per participant
$0.00
Fewer than 50 comparable plans report this figure; no percentile.
Source
= $0 / 228
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251001132219NAL0013283137001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001132219NAL0013283137001, received 2025-10-01
Administrative expenses per participant
$150.78
Higher than 39% of the 25,098 plans $10 to 50M that report it.
Source
= $34,378 / 228
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001132219NAL0013283137001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001132219NAL0013283137001, received 2025-10-01
Administrative expenses as a share of assets
0.300%
Higher than 52% of the 25,132 plans $10 to 50M that report it.
Source
= $34,378 / $11,469,417
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001132219NAL0013283137001, received 2025-10-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001132219NAL0013283137001, received 2025-10-01
Employer contributions per participant
$2,957
Higher than 72% of the 24,050 plans $10 to 50M that report it.
Source
= $674,264 / 228
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001132219NAL0013283137001, received 2025-10-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001132219NAL0013283137001, received 2025-10-01
Employer share of total contributions
30.4%
Higher than 59% of the 24,084 plans $10 to 50M that report it.
Source
= $674,264 / $2,216,307
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001132219NAL0013283137001, received 2025-10-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251001132219NAL0013283137001, received 2025-10-01
Plan terms, as stated in Electromed, Inc.'s SEC filings
Plan terms are described in Electromed, Inc.'s SEC filings: Form 10-K filed 2026-08-25. No term could be quoted from them with the required precision.
Plan features
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251001132219NAL0013283137001, received 2025-10-01
Full record, Electromed Inc. 401(k) Profit Sharing Plan and Trust
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ELECTROMED, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Plan name | ELECTROMED INC. 401(K) PROFIT SHARING PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Sponsor EIN / plan number | 41-1732920 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Sponsor location | NEW PRAGUE, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Industry (business code) | 339110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Filing received | 2025-10-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Participants, beginning of year | 255 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Active participants | 181 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Participants, end of year | 250 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Participants with an account balance | 228 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Total assets, beginning of year | $11,032,775 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Total assets, end of year | $11,469,417 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Net assets, end of year | $11,469,417 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Total income | $3,446,210 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Net income | $436,642 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Employer contributions | $674,264 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Participant contributions | $1,357,507 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Other contributions (incl. rollovers) | $184,536 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Total contributions | $2,216,307 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Benefit payments | $2,975,190 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Total expenses (incl. benefit payments) | $3,009,568 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Total administrative expenses | $34,378 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Recordkeeping fees | $0 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Investment advisory and management fees | $34,378 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Administrative expenses excluding investment management | $0 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251001132219NAL0013283137001, received 2025-10-01 |
| Independent auditor | EIDE BAILLY LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251001132219NAL0013283137001, received 2025-10-01 |
Position = column in the DOL layout for form year 2024. Filing 20251001132219NAL0013283137001, received 2025-10-01.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| WORLD INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $34,378 | no |
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251001132219NAL0013283137001, received 2025-10-01.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $11,032,775 | $11,469,417 | 4.0% |
| Participants with a balance | 225 | 228 | 1.3% |
| Administrative expenses | $30,104 | $34,378 | 14.2% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $559,100 | $674,264 | 20.6% |
Prior filing 20241002161748NAL0015580080001, received 2024-10-02; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: ELECTROMED, INC.; SEC registrant: Electromed, Inc. (CIK 1488917, matched by EIN; display name from the Form 10-K cover).